Inventions and Discoveries

There are fascinating stories in
the world of money and coins, as to, how these got their name. We consider a
few to deal with the subject.

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Starting with money, we know, in
the ancient Roman times, Juno was the goddess of warning. The Romans were very grateful to her for
warning them of the important dangers.
They made her the guardian of finance andput their mint in her
temple. They called her juno
moneta. ‘Moneta’ came from the Latin word ‘moneo’ meaning ‘to
warn’. Our word ‘Money’ is derived there
from.

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The word “coin” comes from the
Latin word ‘cuneus’ which means “wedge”.
The dies that made pieces of money looked like wedge. “Dollar” goes back to the days when money was
being coined in Bohemia, because
of the location of silver mines there.
The mint was established at Joachimsthal and the coins were named
Joachimsthaler. With the passage of time
it became ‘thaler’ and finally “dollar”.

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Our ‘dime’ comes from the Latin
word ‘decimus’ which means tenth. The
cent comes from the French word cent meaning one hundred, and the Latin
centum. The idea was that one hundred
cents make a dollar.

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Our nickel is so called because
it was made of that metal. The coins of
other countries also have interesting histories about their names. The English ‘pound’ comes originally the full name was
“Libra pondo” or a pound as a
weight. Originally the full name was
‘Libra Pondo” or a pound by weight. By
the way, that is where the abbreviation ‘LB” for a pound we get. The Spanish ‘Peso’ and Italian “Lira” also refer
to certain weights.

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The French “Franc’ come from the
Latin words “Francorum Rex” for “King of the Franks”, and that appeared on
their first coins. Peru
has a coin called “Sol”. This is the
Spanish name for the Sun. The Incas of
Peru worshipped the Sun long ago.

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The word crown, sovereign, Krone,
Kroon, Krona and Corana all used as names of coins in different countries, show
that some crown authority initially gave permission to make them. In Panama,
the “Balboa” is named in honour of the great explorer, and Venezuela
has the “Boilvar” after it’s national hero.

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